Preparing a work sheet, adjusting and closing entries, and financial statements LO C$2,$ P$1,$ P$2,$ P$3,$ P$4,$ P$5,$ P$6,$ P$8.$ The following unadjusted trial balance is for Ace Construction Company at its June $30$ current fiscal year$-$end. The credit balance of the Retained Earnings account was $$27,000$ on June $30$ of the prior year.